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Bill > H2597


MA H2597

Relative to the divestment of state pension funds from nuclear weapons


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the divestment of state pension funds from nuclear weapons. Public Service.

AI Summary

This bill seeks to require the Massachusetts Pension Reserves Investment Management (PRIM) Board to divest the state's pension funds from any companies that are considered "nuclear weapon producers." The bill defines key terms such as "nuclear weapon" and "nuclear weapon producer," and requires the PRIM Board to identify and divest from such companies within 12 months of the bill's enactment. The bill also provides exceptions and reporting requirements to ensure transparency around the divestment process. Overall, the bill aims to align the state's pension investments with its policy of not supporting the nuclear weapons industry.

Committee Categories

Labor and Employment

Sponsors (11)

Last Action

Accompanied a study order, see H5206 (on 09/12/2022)

bill text


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